KuCoin and CoinEx are two of the biggest crypto derivatives exchanges out there. Both of the exchanges have been in the industry for years now and are trusted by millions of users worldwide.
Even both exchange offers similar products and trading markets. Hence, it can be confusing to choose one exchange between KuCoin vs CoinEx.
But not to worry, to help you make the right decision, I have compared both exchanges below. So you can choose the right exchange for your needs.
KuCoin vs CoinEx: At A Glance Comparison
KuCoin is a widely popular global cryptocurrency exchange that has been operating since 2017.
The exchange offers a variety of features and trading markets. On the exchange, you can trade in the spot market or in the derivatives market.
Along with that, it also offers you a few additional features, such as a trading bot that lets you automate your trades. Or you can earn crypto through other ways like Crypto lending, KuCoin pool, cloud mining, etc.
CoinEX is also one of the popular crypto exchanges operating since 2017. The exchange stands as a one-stop solution for all crypto traders and investors. One can use the exchange to trade in spot or perpetual contracts.
CoinEx is also known for its top-notch security and offers you a safe and transparent way to deposit and withdraw of funds.
KuCoin vs CoinEx: Trading Markets, Products & Leverage Offered
Both exchanges have similar trading markets and other product offerings. These features and trading markets include:
KuCoin
- Spot Trading
- Margin Trading with leverage ranging between 5x to 10x
- USDT-M perpetual contracts with up to 100x leverage
- USDC-M perpetual contracts with up to 100x leverage
- Coin-M perpetual contracts with up to 100x leverage
- Leveraged tokens
- P2P trading
CoinEX
- Spot Trading
- Margin Trading with leverages ranging from 3x, 5x and 10x
- Crypto Futures with up to 100x leverage
However, on CoinEx, all the futures contracts are settled in USDT. There are no alternative stablecoin or Coin-M perpetual contracts available.
Verdict: Although both exchanges have a similar product offering. But since KuCoin has more perpetual futures options and leveraged tokens, it is the winner for this section.
KuCoin vs CoinEx: Supported Cryptocurrencies
Both exchanges offer you access to a vast amount of crypto tokens. You will find the majorly traded coins as well as new and unique tokens.
KuCoin
KuCoin offers you access to more than 700 cryptocurrencies. You will find both the popular tokens as well as new crypto and meme coins on the exchange. Some of the listed coins are:
- BTC
- ETH
- APE
- FTM
- KCS
- LQTY
- NXRA
CoinEx
CoinEx is not behind. The cryptocurrency exchange offers you access to more than 600 cryptocurrencies. The exchange has its focus on innovative crypto assets. Some of the listed tokens are:
- BTC
- ETH
- FTM
- CET
- BABYDOGE
- DOGE
Verdict: There is not so much of a difference when it comes to supported tokens. But as KuCoin has a bit higher supported crypto tokens, it is the winner for this section.
KuCoin vs CoinEx: Trading Fee & Deposit/Withdrawal Fee Compared
Now coming to the most important part, how much do both exchanges cost per spot or derivatives trade?
Here’s the answer:
KuCoin Spot Trading Fee
Talking about KuCoin’s trading fee, it has a tiered fee structure and follows a maker/taker fee model. As it follows a tiered fee structure, the fee gets decided by your last 30 days’ trading volume.
Additionally, KuCoin also offers you a 20% discount on trading fees when you pay using KCS (KuCoin’s native crypto token).
So the regular fee stands at:
- Maker: 0.1%
- Taker: 0.1%
And with a 20% discount:
- Maker: 0.08%
- Taker: 0.08%
KuCoin Futures Trading Fee
For KuCoin futures trading, you again have a tiered fee structure. However, there is no KCS discount for futures trades. So the regular trading fee at level 0 stands at:
- Maker: 0.02%
- Taker: 0.06%
KuCoin Deposit & Withdrawal Fee
The deposits are free on KuCoin. However, you may get charged a transaction fee based on the deposit method you have selected. For instance, if you are using a credit or debit card to purchase crypto, transaction fees will occur.
On the other side, Withdrawal fees are subjective, and it again depends on the withdrawal method.
Fortunately, KuCoin supports P2P Trading. As a result, you can enjoy free crypto deposits and withdrawals.
CoinEx Spot Trading Fee
For spot trading, CoinEx has a tiered fee structure but doesn’t follow a maker-or-taker fee model. Instead, it charges you a flat rate for all your trades.
Also, it offers you a discount, but it is not based on your last 30 days’ trading volume. Instead, it is based on your CET (CoinEx’s native token) holding.
- The regular spot trading fee stands at: 0.2000%, and with CET holdings, it stands at: 0.1600%.
CoinEx Futures Trading Fee
For futures trading, you also see a similar tiered fee structure. But there is no discount offered by the crypto contract trading platform. So the VIP 0 level trading fee stands at:
- Maker: 0.0300%
- Taker: 0.0500%
CoinEx Deposit & Withdrawal Fee
You enjoy free cryptocurrency deposits on CoinEx. However, when buying crypto using a credit/debit card, you will be charged transaction fees.
On the other side, for withdrawing crypto, the charges depend on what crypto token you are withdrawing.
Also, do note that CoinEx doesn’t allow you to withdraw fiat. Or it offers you P2P Trading. As a result, you won’t enjoy free crypto deposits or withdrawals on the exchange.
Verdict: Overall, KuCoin is a clear winner. The exchange has a clear fee structure with heavy discounts and the availability of P2P Trading.
KuCoin vs CoinEx: Order Types
Now let’s look at the different types of order types available on both exchanges:
KuCoin
- Limit
- Market
- Limit Stop
- Market Stop
CoinEx
- Limit
- Market
- Limit Stop
- Market Stop
Verdict: As you can see, both exchanges offer similar order types. Hence, it is a tie between these two.
KuCoin vs CoinEx: KYC Requirements & KYC Limits
KuCoin
On KuCoin, KYC (Know your customer) verification isn’t really needed. You are only required to complete your user verification if you wish to deposit fiat.
However, since there is P2P trading availability, you don’t really have to worry about verifying your account, and you can trade on the exchange right away.
Talking about KYC limits of KYC, it has two levels – Basic Features & Advanced Features. And here is what the specifications look like:
Basic Features: 1 BTC daily withdrawal limit with 2,000 USD daily limit for P2P trading. But you don’t get access to fiat deposits.
Advanced Features: A daily withdrawal limit of 200 BTC and a P2P Trading limit of 500,000 USD daily. Plus, you get access to fiat deposits.
CoinEx
CoinEx also doesn’t require you to verify your account. Without verifying your account, you are free to deposit and withdraw crypto. However, if you want to buy crypto using your debit card, then KYC is mandatory.
Once you are done verifying your KYC, you will enjoy a 24H withdrawal limit of 1,000,000 USD. However, it has a complicated KYC process and doesn’t have any levels.
Verdict: Although both exchanges allow you to trade with KYC. But KuCoin makes it super easy for you to verify your account and perform day-to-day trading activities. Hence, KuCoin wins this section.
KuCoin vs CoinEx: Deposits & Withdrawal Options
KuCoin
- Method 1: You can buy crypto using a credit or debit card or other third-party payment solutions.
- Method 2: Deposit or withdraw cryptocurrencies from another wallet or exchange.
- Method 3: Use P2P trading to deposit and withdraw funds using your locally available payment methods.
CoinEx
- Method 1: Credit cards and debit cards, as well as third-party payment solutions, can be used to purchase crypto.
- Method 2: Cryptocurrencies can be deposited or withdrawn from another wallet or exchange.
Verdict: As you can see, KuCoin offers you more options for depositing and withdrawing crypto. Hence, it is the winner.
KuCoin vs CoinEx: Trading & Platform Experience Comparison
Coming to the overall trading experience part. If you look at both exchanges’ trading windows, you will find a lot of similarities and pretty much the same features. However, there are still a few features that set both exchanges apart.
KuCoin
For spot trading, KuCoin has a simple trading window. However, for futures trading, KuCoin offers you two separate platforms – Futures Classic and Futures Lite.
The classic version offers you a full-fledged trading experience with all the necessary trading tools. On the other side, KuCoin Futures Lite has a simple trading system for trading futures. The lite version doesn’t have any additional tools and offers you a clean user interface.
Talking about the trading features, here is what you get on KuCoin:
- Advanced technical chart powered by TradingView
- Trading Pair details
- Order book
- Multiple trading pairs
- Easy-to-use order form
- Open orders, stop orders, order history, realized PNL, etc
To help you know more about the exchange, here is a quick guide on How to use KuCoin.
CoinEx
CoinEx offers a pretty similar trading experience. You get access to all the important trading tools offered by TradingView. Additionally, you have the option to switch between lite and dark themes and more. Some of the key features offered by CoinEx are:
- Advanced technical chart offered by TradingView
- Multiple trading pairs with maximum leverage details
- Order book
- Easy-to-use order form
- Current positions and position history
- Cumulative PNL, balance, position margin etc., details
Verdict: There is not so much of a difference in terms of trading experience. I call it a tie.
KuCoin vs CoinEx: Customer Support
KuCoin
It is extremely easy to reach out to KuCoin’s support team. You can use their chat window to reach out to a live support agent. Or you can use the chatbot to access different help guides and solve your issue on your own.
Alternatively, you can also raise a support ticket if you want to get help over email. However, KuCoin doesn’t offer help through its social media channels.
CoinEx
Talking about CoinEx’s support, the exchange also offers you access to a help window. It can be used for accessing different help guides or connecting with a live chat agent for further help.
Furthermore, you can also seek support through their support email. Or you can send them a direct message on Twitter to find help. Also, CoinEx has a Telegram channel too where you can seek help as well.
Verdict: CoinEx offers more options to reach out to customer support. The exchange clearly wins this section.
KuCoin vs CoinEx: Security Features
KuCoin
When it comes to account security, KuCoin offers you various features to help you protect your account. Some of the top features are:
- Google verification
- Trading password
- Restrict login IP
- Email anti-phishing code
- Withdrawal anti-phishing code
- Freeze account
CoinEx
CoinEx stands in a similar position when it comes to security features. It offers you features like:
- Anti-phishing code
- Withdrawal multi-approval
- Account management settings
- Login Status Management
Verdict: As you can see, there is not so much of a difference in terms of security features. Hence, it is a tie between KuCoin and CoinEx.
Is KuCoin Safe & Legal To Use?
KuCoin is a globally recognized and widely used cryptocurrency exchange. The crypto exchange keeps its user’s funds in cold storage. Additionally, the exchange has implemented strong security measures to keep its users and their funds safe and secure.
Is CoinEx Safe & Legal To Use?
CoinEx is a legit cryptocurrency exchange that serves millions of users worldwide. It keeps vast amounts of funds in cold storage. Plus, it follows strong security measures such as 2FA, multi-signature, and others to help you protect your account.
KuCoin vs CoinEx: Why not use both?
Both CoinEx and KuCoin are widely popular exchanges out there.
However, if I had to choose a winner, I would go with KuCoin. The exchange has more features compared to KuCoin. Plus, it has P2P trading, which CoinEx doesn’t offer.
But I see CoinEx as no loser.
The exchange also has competitive trading fees and a wide range of features. Plus, it offers you an advanced trading platform and experience.
See how KuCoin and CoinEx compares to other exchanges:
- Bitcoin Transaction Accelerator: 5 Services to Unstuck Your BTC - September 23, 2023
- What Is Bitcoin Private Key? Everything You Need To Know !! - June 2, 2023
- Best Cardano (ADA) Wallets To Use In 2024 - May 7, 2023